Serbian Central Securities Depository becomes an obliger under AML & CTF Law

UniCredit Bank Serbia JSC
Fri, 22/03/2024

CSD to adopt necessary internal acts and amendments

With amendments to the Law on Prevention of Money Laundering and Financing of Terrorism, the Serbian Central Securities Depository and Clearing House (CSD) was included in the list of obligees for the implementation of this law.

To prepare for the implementation of the aforementioned law, the CSD has made necessary organizational and personnel changes and will soon adopt necessary internal acts amendments to its Rules of Business Operations.

In this regard, all CSD members have now acquired the status of CSD clients, in accordance with the terms of the Law on AML/CTF, which, among other things, implies that the CSD will now carry out its obligation to test transactions for indicators of suspicious transactions, both in cases when members perform business in the CSD for their own accounts and for the accounts of their clients.